Camber Energy CEI Stock Forecast 2023

CEI Stock Forecast: Price today

CEI Stock Forecast: Latest News

  • Camber Energy has announced John McVicar as the new Chief Financial Officer, taking over from Frank Barker, who retired on September 1st but will continue as a consultant when needed. McVicar previously held the CFO position at Viking Energy Group, Inc., which is a wholly-owned subsidiary of Camber Energy, starting in June 2022.

CEI Stock Price Prediction Today

UTC: Oct 2nd, 2023 06:12 PM
Overall OutlookNeutral
1. Market's WisdomPartially Bearish
1a. Market DataBearish
1b. Technical RecommendationBuy
2. Crowd's WisdomNeutral
2a. Social Media BuzzSteady
2b. Social Media SentimentSteady

Camber Energy Earnings

(USD)Jun 2023Mar 2023Dec 2022Sep 2022
Revenue83.6K 93.47K130.69K158.51K
Net income1.92M-2.35M-20.9M-23.28M
Diluted EPS0.08-0.12-1.34-2.5
Net profit margin-239.9%-2,509.95%-15992.77%-14687.41%
Operating income-2.08M-1.37M-1.17M-1.22M
Net change in cash-1.02M-591.62K-1.29M256.11K
Cost of revenue-2M43.08K31.52K51.08K

CEI stock performance so far

  • Year To Date: -79.6%
  • Last 1 Year: -97.6%
  • Since Launch: -100.0%

CEI Stock Forecast: Why is the stock shackled to the grounds?

The stock declined 100%, reaching an approximate price of $0.4. The stock has been growing its accumulated deficits in retained earnings since its inception. The stock also has an alarming current ratio of 0.04%. One may bid the stock farewell since it is showing no signs of improvement in its financial statements.

In case an investor still wishes to take a buy position on CEI, then it should look for performance made by its subsidiary companies. For instance, the commencement of treatment in medical waste using the now patented technology or if the commercializes that patent, may directly bring a slight positive effect on the parent holding stock.

CEI Forecast: Conclusion

Camber energy’s stock has not been performing well, the stock is down 100% so far and considering the present conditions of a slow economy, high-interest rates, strong dollar value, and recession and Camber’s liabilities are exceeding its total assets year-over-year. So, this stock is not considered to be a great pick.

Read: Tesla Stock Forecast

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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